Traders Purchase High Volume of Call Options on Invesco (NYSE:IVZ)

Invesco Ltd. (NYSE:IVZ) was the target of some unusual options trading on Tuesday. Stock traders acquired 15,102 call options on the stock. This represents an increase of approximately 175% compared to the average volume of 5,484 call options.

Analysts Set New Price Targets

IVZ has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft raised Invesco from a “hold” rating to a “buy” rating and increased their target price for the stock from $26.00 to $31.00 in a research note on Wednesday, December 17th. BMO Capital Markets increased their price objective on shares of Invesco from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 10th. Weiss Ratings restated a “hold (c+)” rating on shares of Invesco in a report on Monday, December 29th. Fundamental Research set a $27.00 target price on shares of Invesco in a research note on Friday, October 31st. Finally, Wall Street Zen upgraded Invesco from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, Invesco has an average rating of “Hold” and an average price target of $28.46.

Institutional Investors Weigh In On Invesco

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Compound Planning Inc. increased its holdings in Invesco by 29.8% during the fourth quarter. Compound Planning Inc. now owns 12,838 shares of the asset manager’s stock worth $337,000 after buying an additional 2,947 shares during the last quarter. Invesco Ltd. bought a new position in shares of Invesco in the 4th quarter valued at about $230,391,000. Corient Private Wealth LLC increased its stake in shares of Invesco by 117.1% during the 4th quarter. Corient Private Wealth LLC now owns 121,098 shares of the asset manager’s stock worth $3,181,000 after purchasing an additional 65,313 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its stake in shares of Invesco by 4.4% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 167,019 shares of the asset manager’s stock worth $4,388,000 after purchasing an additional 7,031 shares during the last quarter. Finally, Vident Advisory LLC raised its holdings in shares of Invesco by 7.5% in the 4th quarter. Vident Advisory LLC now owns 74,243 shares of the asset manager’s stock valued at $1,950,000 after purchasing an additional 5,206 shares during the period. Institutional investors own 66.09% of the company’s stock.

Invesco Stock Up 3.7%

Shares of IVZ stock opened at $26.13 on Wednesday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.83. Invesco has a 1 year low of $11.60 and a 1 year high of $29.61. The firm’s fifty day moving average price is $27.34 and its two-hundred day moving average price is $24.63. The firm has a market capitalization of $11.63 billion, a P/E ratio of -16.33, a PEG ratio of 0.45 and a beta of 1.69.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Tuesday, January 27th. The asset manager reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.04. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. Invesco had a negative net margin of 6.92% and a positive return on equity of 9.69%. The company’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.52 EPS. On average, equities analysts predict that Invesco will post 1.87 EPS for the current fiscal year.

Invesco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Friday, February 13th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Friday, February 13th. Invesco’s dividend payout ratio (DPR) is currently -52.50%.

Invesco Company Profile

Invesco Ltd. is an independent global investment management firm headquartered in Atlanta, Georgia, and publicly traded on the New York Stock Exchange (NYSE: IVZ). With origins dating back to 1935, the company is dedicated to offering a wide array of investment strategies and solutions to both individual and institutional clients worldwide.

The firm’s product suite encompasses actively managed equity and fixed income funds, passive index funds, exchange-traded funds (ETFs), closed-end funds, and unit investment trusts, alongside specialized offerings such as private markets, real estate, and structured products.